Two years have passed since a pandemic hit, and a lot has changed about the way startup launch pads look and feel today. If an accelerator like Y Combinator ever hosts 1,000 startups per batch, automatically investing in each startup would be capital-intensive and could unintentionally dilute its own signal. So in 2020, the accelerator changed its policy on automatic pro-rata investments and began to invest on a case-by-case basis, just like 500 Startups.
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